Proposed Provision: Progressive price indexing (40th percentile) of PIA factors for individuals newly eligible for OASI benefits in 2024 through 2061: Create a new bend point at the 40th percentile of the AIME distribution of newly retired workers. Maintain current-law benefits for earners at the 40th percentile and below. Reduce the 32 and 15 percent factors above the 40th percentile such that the initial benefit for a worker with AIME equal to the taxable maximum grows by inflation rather than the growth in the SSA average wage index. Disabled workers are: (a) not affected prior to normal retirement age; and (b) subject to a proportional reduction in benefits, based on the worker's years of disability, upon conversion to retired-worker beneficiary status. Young survivors (children of deceased workers and surviving spouses with a child in care) are not affected.

OASDI Trust Fund Ratio
(assets as a percentage of annual expenditures)

Year Present Law Provision
2016303303
2017293293
2018277277
2019262262
2020246246
2021231231
2022216216
2023200200
2024183183
2025165165
2026149149
2027132132
2028115115
20299898
20308181
20316464
20324647
20332729
2034810
2035-11-8
2036-30-27
2037-50-46
2038-71-66
2039-91-85
2040-112-105
2041-133-125
2042-154-145
2043-176-164
2044-197-184
2045-218-203
2046-240-222
2047-262-242
2048-283-261
2049-305-280
2050-327-299
2051-349-317
2052-371-336
2053-393-354
2054-415-372
2055-437-390
2056-460-408
2057-482-426
2058-506-444
2059-529-462
2060-553-481
2061-578-499
2062-603-518
2063-628-536
2064-654-555
2065-680-574
2066-706-593
2067-733-612
2068-760-630
2069-788-649
2070-816-669
2071-845-688
2072-874-707
2073-905-727
2074-935-747
2075-967-768
2076-1000-789
2077-1033-810
2078-1068-832
2079-1102-854
2080-1138-875
2081-1173-897
2082-1208-918
2083-1243-940
2084-1279-960
2085-1314-981
2086-1349-1002
2087-1384-1022
2088-1419-1043
2089-1455-1063
2090-1491-1084
2091-1528-1106
back